Niger Reviews Trans-Saharan Road Project

The trans-Saharan road project to link Algiers to Lagos is now under review in Niamey where experts are revisiting the technical aspects of this ambitious program which was first initiated 40 years ago.

African Development Bank Signs Loan Agreements for Infrastructure Development in Morocco

The African Development Bank (AfDB) Group and Morocco signed six loan and grant agreements amounting to over €303 million for infrastructure development in Morocco, according to a press release APA received on Friday.

Banks to Reconsider Programs in Cote D’Ivoire

The World Bank (WB) and the African Development Bank (AfDB) have threatened to reassess “relevance and effectiveness’ of their programs in Cote d’Ivoire, considering the breakdown of democratic governance in that country.

United States Cancels $30m of Liberian Debt

The United States Government has signed a debt relief agreement with the Government of Liberia canceling nearly $30 million in remaining debt Liberia owed various U.S government agencies.

International Financial Corporation Invest $60m to Support Cement Capacity in Liberia

The International Financial Corporation (IFC) is extending a $60 million loan to be used in the expansion of the cement milling capacity in Liberia.

Nigerian Government Approves $346m for Payment of New Shares in African Development Bank

The Nigerian government has approved $346.073 million for the payment of its new shares in the African Development Bank (AfDB).

Director General of Nigeria’s Debt Management Office Puts Nigeria’s Total Debts At $29b

The Director General of Nigeria’s Debt Management Office (DMO), Dr Abraham Nwankwo has put Nigeria’s local and foreign debts at $29 billion. Nwankwo told journalists on Sunday in Abuja that “as at now externally, we are owing $4.27 billion — as...

Liberia Receives Additional African Development Bank Grant to Boost Agriculture

The African Development Bank (AfDB) has given the government of Liberia $18.2 million grant to help boost the post-war country’s agriculture sector.

African Development Bank to Provide $40m for Revitalization of Liberia’s Water Facilities

A delegation from the African Development Bank (AfDB), led by the bank’s Vice President Dr. Kamal el Kheshen, has committed to provide $40 million towards the revamping of Liberia’s water treatment plant in Whiteplains on the fringes of the capital...